HB2321- public service scholarship fund (Lieberman) This bill establishes
the John McCain Public Service Scholarship Fund, to be administered by the
Commission for Postsecondary Education, to provide scholarships to students who
complete a term of service in a national service program, receive a federal
postservice education award, and use the award to attend an educational
institution in Arizona. Appropriates
the following amounts from the general fund to the scholarship fund: = FY20: $1M = FY21: Either $1M or $2M, depending on
the amount of scholarship money awarded in the previous year = FY22: Either $3M or the amount
deposited in FY21, depending on the amount of scholarship money awarded in the
previous year. Specifies that the fund is to be continously funded. Requires the Comission for Postsecondary Education to notify the President of the Senate, the Speaker of the Hose, the Director of the JLBC and the State Treasurer of the total amount awarded for the current FY. |